BIG HORN UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23486District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$13.0 M
Mar 1998 – May 2026
Value, last 12 filed months
$260 k
at the published price for each month
Months reported
339
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 598 leases and 630 wells, and the rule below applies to all of them.

Discovered
1977-03-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-05-16.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition290,348 bbl$12,117,541
Casinghead gasProduction203,410 Mcf$886,008
Total$13,003,549

Every month this lease reported (339)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

339 months

May 2026362248106.413.05$39,276
Apr 202617924098.932.87$18,397
Mar 202635724889.753.15$32,822
Feb 202636022463.503.75$23,700
Jan 202618021659.138.00$12,371
Dec 202528624856.664.41$17,299
Nov 202535323858.593.93$21,617
Oct 202552224359.383.30$31,799
Sep 2025217262.743.08$655
Aug 202517714163.933.01$11,741
Jul 202537024866.743.32$25,516
Jun 202535724066.483.13$24,484
May 202534524860.553.23$21,691
Apr 202535723562.363.54$23,095
Mar 202535811967.704.27$24,745
Feb 202535322270.884.34$25,984
Jan 202535518074.324.28$27,154
Dec 202435124868.993.12$24,990
Nov 202417520369.052.20$12,530
Oct 2024180071.372.28$12,847
Sep 202417313969.612.36$12,371
Aug 202434624875.632.06$26,680
Jul 202435324879.932.15$28,748
Jun 202453322078.082.63$42,196
May 202453424078.812.20$42,612
Apr 202436224084.451.66$30,969
Mar 202417724880.301.55$14,596
Feb 202418723276.091.78$14,643
Jan 202418724873.023.30$14,473
Dec 202317024871.262.61$12,762
Nov 2023012877.892.81$359
Oct 20231809285.443.09$15,663
Sep 202335524089.042.74$32,266
Aug 202335024480.522.67$28,834
Jul 202353024874.852.64$40,326
Jun 202335423668.962.26$24,945
May 202317314670.622.23$12,542
Apr 20231798978.122.24$14,183
Mar 202318124872.852.39$13,779
Feb 202334922475.112.47$26,766
Jan 202354924876.533.39$42,855
Dec 202217220476.415.73$14,311
Nov 202255624085.005.65$48,615
Oct 202217824887.185.86$16,972
Sep 202234918784.888.16$31,150
Aug 202218924894.529.13$20,128
Jul 2022357248101.587.54$38,135
Jun 2022346240115.097.98$41,736
May 2022357248109.378.43$41,136
Apr 2022356240104.226.84$38,743
Mar 2022187248108.885.08$21,620
Feb 202234522491.054.86$32,501
Jan 202235624881.844.54$30,260
Dec 2021360071.323.90$25,675
Nov 2021527077.435.24$40,806
Oct 2021177079.795.71$14,123
Sep 2021346069.865.35$24,172
Aug 2021354066.024.22$23,371
Jul 2021368070.783.98$26,047
Jun 2021352069.493.38$24,460
May 2021354063.483.02$22,472
Apr 2021362060.362.76$21,850
Mar 2021533061.302.72$32,673
Feb 2021357057.805.55$20,635
Jan 2021340050.412.81$17,139
Dec 2020523044.642.68$23,347
Nov 2020909038.772.71$35,242
Oct 2020713036.972.48$26,360
Sep 2020529037.091.99$19,621
Aug 2020177039.982.39$7,076
Jul 2020179038.371.83$6,868
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020345030.341.86$10,467
Feb 2020909049.881.98$45,341
Jan 20200057.252.09$0
Dec 2019179059.012.30$10,563
Nov 2019353055.302.75$19,521
Oct 2019376053.472.42$20,105
Sep 2019360055.052.66$19,818
Aug 2019534053.112.30$28,361
Jul 2019352056.272.46$19,807
Jun 2019530052.782.49$27,973
May 2019534058.482.74$31,228
Apr 2019534062.632.75$33,444
Mar 2019357056.803.06$20,278
Feb 20195362450.852.79$27,323
Jan 2019550646.033.23$25,336
Dec 2018767046.594.19$35,735
Nov 2018944152.934.24$49,970
Oct 201873131661.443.40$45,986
Sep 201892430259.543.11$55,954
Aug 20183766659.403.07$22,537
Jul 20185342065.142.93$34,843
Jun 201855433660.183.08$34,374
May 201853631265.382.90$35,949
Apr 201838136263.842.90$25,373
Mar 201835638061.222.79$22,853
Feb 201854225861.782.77$34,198
Jan 201837636462.874.01$25,099
Dec 201774842657.272.92$44,083
Nov 2017562055.423.12$31,146
Oct 20171869649.292.98$9,454
Sep 20170047.523.09$0
Aug 201701345.373.00$39
Jul 201701243.873.09$37
Jun 2017195042.493.09$8,286
May 2017351145.373.26$15,928
Apr 2017362047.933.21$17,351
Mar 2017371046.772.98$17,352
Feb 2017358050.452.95$18,061
Jan 2017359849.413.42$17,766
Dec 20165445748.763.72$26,738
Nov 201636329842.492.64$16,212
Oct 201617827546.193.09$9,072
Sep 201617327841.553.10$8,050
Aug 201655235341.442.92$23,907
Jul 201636138641.622.92$16,154
Jun 201636936445.352.69$17,712
May 201653837642.521.99$23,624
Apr 201635943436.561.99$13,989
Mar 201638140233.011.79$13,298
Feb 201636746026.472.06$10,664
Jan 201637539927.352.36$11,200
Dec 201535745732.362.00$12,467
Nov 201536846538.792.17$15,283
Oct 201554153743.552.43$24,864
Sep 201536045842.992.76$16,740
Aug 201538946640.162.87$16,961
Jul 201554751048.152.95$27,840
Jun 201518356056.152.88$11,890
May 201555868955.212.96$32,843
Apr 201535960049.822.71$19,509
Mar 201537567642.892.93$18,068
Feb 201554357944.662.98$25,974
Jan 201536662043.433.10$17,818
Dec 201452761554.693.59$31,030
Nov 201436159070.464.25$27,945
Oct 201454262078.303.90$44,857
Sep 201437258986.164.05$34,434
Aug 201436963089.394.04$35,527
Jul 201455465696.564.18$56,236
Jun 201435957498.164.74$37,958
May 201455376194.734.73$55,983
Apr 201436772495.944.81$38,692
Mar 201456773895.895.06$58,102
Feb 201436866997.406.19$39,986
Jan 201454970390.404.86$53,047
Dec 201354875191.824.35$53,588
Nov 201353871488.853.74$50,470
Oct 201354473197.423.78$55,759
Sep 2013548779104.113.72$59,948
Aug 2013731757104.253.52$78,873
Jul 20131,0771,077102.523.72$114,418
Jun 201354584294.403.93$54,760
May 201355763294.834.15$55,443
Apr 201373158793.964.28$71,199
Mar 201354166393.623.91$53,243
Feb 201336853491.233.42$35,399
Jan 201353658791.603.42$51,105
Dec 201251975886.773.42$47,626
Nov 201237051486.953.62$34,035
Oct 201236167389.383.40$34,554
Sep 201254252494.672.92$52,840
Aug 201236770492.662.91$36,054
Jul 201254938485.133.02$47,896
Jun 201237156179.822.52$31,026
May 201236655091.612.49$34,898
Apr 2012551526101.652.00$57,059
Mar 2012369524105.052.22$39,928
Feb 2012377546101.102.57$39,518
Jan 201257063898.092.73$57,656
Dec 201138165096.873.24$39,013
Nov 201170374195.723.31$69,745
Oct 201137168884.983.65$34,038
Sep 201154482883.623.99$48,790
Aug 201155485383.404.15$49,743
Jul 201137984794.144.52$39,505
Jun 201155476692.904.64$55,021
May 201155786198.134.40$58,451
Apr 2011383785105.964.33$43,984
Mar 201156088196.364.06$57,536
Feb 201136075685.644.18$33,990
Jan 201157476286.504.59$53,148
Dec 201055278385.734.35$50,727
Nov 201055874580.843.80$47,936
Oct 201056172378.103.51$46,351
Sep 201038375372.633.98$30,814
Aug 201055381173.684.42$44,329
Jul 201056090872.554.74$44,929
Jun 201037778870.364.91$30,395
May 201072792671.124.24$55,626
Apr 201055790881.694.12$49,245
Mar 201054685978.394.39$46,571
Feb 201037082373.585.44$31,704
Jan 201055190574.365.96$46,370
Dec 200973286271.445.48$57,021
Nov 20095521,03174.593.75$45,041
Oct 20095501,08372.544.11$44,348
Sep 20095411,18265.543.06$39,080
Aug 20095461,36067.423.22$41,188
Jul 20097411,42561.133.46$50,234
Jun 20095701,17266.163.90$42,276
May 20095751,52654.743.93$37,466
Apr 20095971,36246.773.59$32,808
Mar 20097891,46142.144.06$39,179
Feb 20093791,37132.814.63$18,787
Jan 20097141,68635.865.37$34,660
Dec 20087651,72337.105.98$38,680
Nov 20081,3352,28855.496.86$89,776
Oct 20087961,24075.246.92$68,474
Sep 2008588985101.767.88$67,594
Aug 20087831,275114.228.48$100,250
Jul 20087871,332131.0811.39$118,331
Jun 20087861,166131.3313.03$118,421
May 20087791,354123.1711.57$111,621
Apr 20087921,303110.3110.45$100,988
Mar 20089771,073101.909.66$109,926
Feb 20081,1751,25592.538.77$119,730
Jan 20081,5741,73990.388.21$156,528
Dec 20071,9641,77588.337.30$186,441
Nov 20071,3881,45591.677.29$137,847
Oct 20071,5621,23882.856.92$137,981
Sep 20071,27693575.846.24$102,610
Aug 20071892769.066.39$13,225
Jul 200740051870.906.39$31,669
Jun 200754050262.007.55$37,269
May 200756952658.747.85$37,550
Apr 200760352959.617.81$40,074
Mar 200759750956.927.30$37,698
Feb 200738141755.108.22$24,419
Jan 200779258350.306.73$43,759
Dec 200676647756.656.92$46,694
Nov 200655651954.207.62$34,089
Oct 200656158454.906.01$34,311
Sep 200675456760.085.04$48,156
Aug 200655160168.717.34$42,271
Jul 200675454869.376.34$55,781
Jun 200675050666.286.38$52,940
May 200655760566.016.42$40,655
Apr 200671552464.397.36$49,896
Mar 200675761256.707.08$47,257
Feb 200675745157.597.75$47,091
Jan 200694240560.598.93$60,694
Dec 200574139554.9413.42$46,010
Nov 200556840554.6910.59$35,352
Oct 200594952758.3413.80$62,635
Sep 200556439561.4512.08$39,429
Aug 200575755161.519.80$51,961
Jul 200573440655.697.84$44,061
Jun 200572451552.337.38$41,688
May 200574054045.226.65$37,054
Apr 200592254849.207.36$49,396
Mar 200572658250.377.15$40,733
Feb 200573022845.226.31$34,450
Jan 200590856043.166.32$42,730
Dec 200474544639.866.75$32,707
Nov 200493163845.286.33$46,194
Oct 200455850149.706.52$30,997
Sep 200491455743.245.28$42,464
Aug 200494461042.375.55$43,383
Jul 200475163338.286.08$32,600
Jun 200475261936.106.43$31,129
May 200493557437.486.49$38,772
Apr 200474955634.475.86$29,075
Mar 200492960634.365.53$35,272
Feb 200492938932.455.51$32,289
Jan 200494629532.036.30$32,159
Dec 200376554130.266.30$26,558
Nov 200394460328.804.60$29,958
Oct 200394147028.174.76$28,745
Sep 20031,12149826.314.75$31,859
Aug 20031,13947129.765.13$36,313
Jul 20031,12667629.415.17$36,611
Jun 200394962928.565.98$30,867
May 200395468326.595.97$29,446
Apr 200375469826.675.41$23,883
Mar 200392343531.146.10$31,394
Feb 20031,30760633.487.93$48,561
Jan 200335938930.315.58$13,053
Dec 200235629026.914.85$10,988
Nov 20020024.664.14$0
Oct 200248029726.464.23$13,957
Sep 200290158927.443.64$26,865
Aug 200254851825.963.16$15,865
Jul 200286070324.583.06$23,291
Jun 200288889023.733.34$24,043
May 200235732924.663.58$9,983
Apr 20021,06464023.653.51$27,411
Mar 200269647822.003.10$16,795
Feb 200288253618.222.38$17,343
Jan 20021,06061717.172.38$19,666
Dec 200187858516.932.36$16,248
Nov 20011,07855018.072.41$20,803
Oct 200172259319.782.53$15,781
Sep 200170883324.262.25$19,051
Aug 20011,05444024.873.05$27,556
Jul 20011,0751,05923.933.20$29,110
Jun 200186364624.563.82$23,666
May 20011,25939325.524.31$33,822
Apr 200190745224.685.34$24,796
Mar 20011,26255524.545.38$33,953
Feb 20011,43345327.755.77$42,378
Jan 200189023927.478.40$26,456
Dec 20001,43328426.889.12$41,110
Nov 20001,08439332.215.66$37,139
Oct 20001,86068431.235.15$61,607
Sep 20001,88166531.875.19$63,396
Aug 20002,40171929.644.54$74,430
Jul 20003,17972228.534.09$93,650
Jun 20003,61288029.304.40$109,701
May 20003,20686427.263.68$90,575
Apr 20001,26235424.513.12$32,035
Mar 20001,58866628.422.86$47,036
Feb 200089079427.622.73$26,747
Jan 20001,4201,15925.272.48$38,758
Dec 19991,6201,06924.282.42$41,925
Nov 19991,7841,19123.192.43$44,270
Oct 19991,7871,22520.982.80$40,926
Sep 19991,6281,18621.752.62$38,515
Aug 19992,3191,53319.262.88$49,072
Jul 19991,7881,47117.892.37$35,477
Jun 19992,3271,52515.942.36$40,695
May 19992,3441,77715.792.32$41,136
Apr 19992,1551,61115.102.21$36,098
Mar 19992,5311,55912.471.84$34,428
Feb 19992,3411,8819.981.82$26,782
Jan 19993,2461,68610.381.90$36,897
Dec 19983,0752,0679.201.77$31,955
Nov 19983,0451,62810.892.19$36,718
Oct 19984,8935,78412.421.97$72,161
Sep 19984,2992,17512.592.08$58,654
Aug 19984,2651,36811.301.91$50,804
Jul 19985,86177211.742.24$70,535
Jun 19986,7453,70511.242.24$84,103
May 199813,2805,56112.622.21$179,863
Apr 199812,8373,83513.042.51$177,002
Mar 199814,4533,27512.802.31$192,562

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                  362 bbl  × $106.41 =    $38,520
Casinghead gas       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                  $39,276

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/O/23486 is the state's own key, not one this site invented.